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Canadian National Railway Crosses Above its 10-day MA (CNI)

By David Diaz

Today, shares of Canadian National Railway (NYSE:CNI) have advanced above their 10-day MA of $59.14 on a volume of 202K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Canadian National Railway share prices have moved between a 52-week high of $66.46 and a 52-week low of $46.23 and are now trading 28% above that low price at $59.29 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Canadian National Railway on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $61.41. Since that call, shares of Canadian National Railway have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses canadian national railway

Ticker(s): CNI